Author: Admin
NZDUSD Increases above 0.6500 in Short-term Bounce
NZDUSD is ticking higher above 0.6500 again after the bounce off the two-year low of 0.6214. The technical indicators are showing more positive signs, as the MACD is advancing above its trigger line in the negative region, while the RSI is pointing upwards after the jump above the neutral threshold of 50. Also, the pair advanced …
Oil Possibly Locked in the $100-130 Range for Years
Crude oil has added for the fourth consecutive trading session. However, the rise in quotes has been tempered by comments from the German economy minister, claiming that the EU could agree on an embargo on Russian oil within days. However, movements in oil have become more subdued not only because the embargo topic has been …
Oil Possibly Locked in the $100-130 Range for YearsRead More
Dollar and Yen Recovering Slightly in Indecisive Markets
The moves in the financial markets are so far rather indecisive. While US stocks rebounded overnight, Asian indexes turned softer. Dollar and Yen are recovering slightly after yesterday’s selloff. Commodity currencies are retreating. European majors are mixed. While Euro and Sterling advanced against the greenback, there is no follow through buying so far. Technically, EUR/USD …
Dollar and Yen Recovering Slightly in Indecisive MarketsRead More
US 500 Index’s Downside Bearing Curbed as Buyers Step In
The US 500 stock index (Cash) is trading near the red Tenkan-sen line at 3,952 following an increase in risk appetite around a recorded 14½-month low of 3,809. The rolling over of the 200-day simple moving average (SMA) is feeding a dampening picture in the index, while the bearish 50- and 100-day SMAs are endorsing …
US 500 Index’s Downside Bearing Curbed as Buyers Step InRead More
Commitment of Traders Report (COT): CHF Bears Begin to Capitulate
Whilst the COT report shows us traders were their most bearish on CHF futures in 6-months, recent events and price action suggest some of those bears have closed out. Commitment of traders (as of Tuesday 17th May 2022): The weekly change for FX majors were relatively low, and all beneath +/- 10,000 contracts Net-long exposure …
Commitment of Traders Report (COT): CHF Bears Begin to CapitulateRead More
Swiss Franc Won the Week, But Aussie Could Jump on Turnaround Sentiment
It was another roller-coaster week. Swiss Franc ended as the strongest one after SNB Chairman Thomas Jordan surprisingly said it’s ready to act if inflation solidified. But it should reminded that he reiterated the readiness on intervention too. Euro was somewhat pressured due to selling in crosses. Dollar, Canadian and Yen were the worst performing …
Swiss Franc Won the Week, But Aussie Could Jump on Turnaround SentimentRead More
Weekly Economic & Financial Commentary: April Economic Data Show Resilient U.S. Economy
Summary United States: April Economic Data Show Resilient U.S. Economy U.S. retail sales topped expectations in April, while industrial production also grew more rapidly than economists expected. Data on housing starts, home sales and homebuilder sentiment, however, showed tentative signs of cooling. Next week: New Home Sales (Tue), Durable Goods (Wed), Personal Income & Spending …
Weekly Economic & Financial Commentary: April Economic Data Show Resilient U.S. EconomyRead More
EUR/USD: Improving Techs Point to Further Short-Squeeze, But Fundamentals Still Rule
The Euro is standing at the back foot on Friday, following 1.2% advance on Thursday, but dips were so far limited, adding to positive signal from Thursday’s bullish engulfing pattern. Fresh bullish momentum on daily chart and formation of 5/10DMA bull-cross, underpin the action for potential stronger short squeeze. Bulls need repeated close above 1.30532/45 …
EUR/USD: Improving Techs Point to Further Short-Squeeze, But Fundamentals Still RuleRead More
EUR/USD Pair Moved into a Positive Zone from $1.0420
The Euro started a fresh increase from the 1.0420 support zone against the US Dollar. The EUR/USD pair surpassed the 1.0500 level to move into a positive zone. The price even traded above the 1.0550 level and the 50 hourly simple moving average. It traded as high as 1.0606 and is currently correcting gains. An …
EUR/USD Pair Moved into a Positive Zone from $1.0420Read More
GBPJPY Tackles 50.0% Fibonacci after Bouncing Off 100-MA
GBPJPY is confronting the 159.69 barrier, which is the 50.0% Fibonacci retracement level of the uptrend from 150.96 until the multi-year high of 168.42, which failed to close north of the 166.07-168.55 resistance zone that extends back to February 2016. The climbing simple moving averages (SMAs) are endorsing the broader bullish structure but it’s worth …
GBPJPY Tackles 50.0% Fibonacci after Bouncing Off 100-MARead More
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